In order to keep track of my financial progress or lack of progress I have decided to calculate my net worth a few times a year.
My net worth as of 03/3/2017 is as follows.
Assets
Cash – $11,356
IRA – $25,909
Roth IRA – $10,988
Solo 401k – $1086
Car/Stuff – $3900
Liabilities
Student Loan – $131,908
Credit Card – $2202
Net Worth = $-80,871
My net worth improved by about $5000 last month. I’m quite pleased with that increase. The rising stock market and increased cash savings from my job proved to be a potent combination for increasing my net worth. Although my assets had a nice increase my liabilities only decreased by about $100. I need to do more work on them. That will be the subject of an upcoming blog post. My net worth not counting my student loan would be $51,037.
This month should also be a good month for my net worth since I will be getting three paychecks from my job. I hope to keep increasing my net worth each month and hopefully one day I’ll get to $0.
I’ve been using Personal Capital